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Thoma Bravo Says Sophos Bid Backed By 28% After Former CFO Sells Stake

Mon, 11th Nov 2019 10:17

(Alliance News) - Sophos Group PLC's suitor Thoma Bravo LLC on Monday said its potential takeover of the company now has the support of 28% of the cybersecurity firm's shareholders.

The FTSE 250 constituent agreed to the GBP3 billion takeover offer from the US-based private equity firm in October.

Nick Bray, former finance chief at Sophos, sold his 0.1% stake in the company when he stepped down on Wednesday.

Thoma Bravo explained: "As a result, the total number of Sophos shares in respect of which Bidco has received irrevocable undertakings has decreased by 281,282 Sophos Shares to a total number of 138,196,826 Sophos Shares, which represents approximately 28.3% of the existing ordinary share capital of Sophos as at November 6."

Shares in Sophos were marginally lower at 571.80 pence each in London on Monday morning.

By Eric Cunha; ericcunha@alliancenews.com

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Sophos Group Share News (SOPH)

Thoma Bravo Says Sophos Bid Backed By 28% After Former CFO Sells Stake

LONDON MARKET OPEN: Shares Open Firm Even As Hikma And ARM Sink

LONDON MARKET CLOSE: FTSE 100 Hits 2012 Levels As Miners Join Sell-Off

FTSE 250 movers: Redrow falls despite rise in profits

LONDON MARKET MIDDAY: Sell-Off In Tokyo Tests Investors' Nerves

WINNERS & LOSERS SUMMARY: Bond Disclosure Sends Legal & General Higher

Sophos grows in third quarter, but hurt by strong dollar

Sophos Reports Growth In Billings And Revenue In Third Quarter

Sophos buys Netherlands-based SurfRight for USD31.8m

Sophos Buys Dutch Malware Preventer SurfRight for USD31.8 Million

Dividends Calendar - Week Ahead

Sophos Group To Make Payment To Fortinet As It Settles Litigation

LONDON MARKET CLOSE: Banks Lead Gains After Successful Stress Tests

FTSE 250 movers: Drax powers ahead but Sophos slumps on stake sale

LONDON MARKET MIDDAY: Banks Lead Gains Amid Flurry Of PMIs Readings

WINNERS & LOSERS SUMMARY: Banks In Favour As They Pass Stress Tests

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